Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation declared that Eldorado has amended its agreement with Gold Fields Australasia whereby Eldorado will acquire 57.9 million shares of Sino Gold Mining Limited in exchange for 27,824,654 shares of Eldorado, subject to certain adjustments. For full story, click here
Luiri Gold Limited declared that is has completed the first phase of the investment by Lachlan Star for 12,416,101 shares at CDN $0.12 for gross proceeds of CDN $1,489,932.10. Lachlan Star elected to convert the Australian $300,000.00 loan as part of this first placement. For full story, click here
Shares in South African gold miners slip more than 1 percent, hit by a stronger rand and faltering bullion price as a firmer dollar and weaker oil price weigh. For full story, click here
Shares in Central Rand Gold dipped 13 percent as the company’s operational update fails to assuage the market’s concerns over project execution risk, with Evolution Securities cutting its forecasts and target price. For full story, click here
Canadian Gold Hunter Corp. has entered into a definitive agreement to acquire all of the issued and outstanding shares of Sanu Resources, Ltd. Based in Canada, both Canadian Gold Hunter and Sanu Resources are mineral exploration companies. For full story, click here
Canadian junior gold explorer, Banro Corporation has closed the issuance and sale of 43,479,000 common shares of the Company at a price of CAD2.30 per share for aggregate gross proceeds of CAD100,001,700. For full story, click here
Yamana Gold Mining. declared that effective today its shares have been added to the FTSE Gold Mines Index. Peter Marrone, Yamana’s chairman and chief executive officer, stated: Yamana is pleased to be recognized as a premier global gold producer and to join the impressive group of companies comprising the FTSE Gold Mines Index. For full [...]
Banro Corporation announced that the terms of its previously declared that overnight marketed offering of common shares to be effected by way of a prospectus supplement. For full story, click here
Shares in Perth-based Resolute Mining have surged after the company produced first gold at its redeveloped Syama mine in Mali. For full story, click here
Gold and copper explorer KEFI Minerals PLC declared that it has raised £450,000 before expenses through the placing of 36 million shares at 1.25 pence each to fund on-going strategic initiatives and further exploratory work on its highly prospective exploration areas in Turkey and Saudi Arabia where KEFI Minerals is operator of exploration joint ventures. [...]
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